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Daytona/Deltona Among Top 3 U.S. Cities Where Residents Spend Too Much On Rent

By on June 19, 2017 in WNDB News

Daytona Beach, FL – Daytona Beach and Deltona are near the top of a list of American cities where renters are paying more for their monthly rent than they can afford, according to a study by Harvard’s Joint Center for Housing Studies.

The Daytona Beach and Deltona areas had 57% of renters who were cost-burdened (paying more than 30% of their income to rent) in 2015, according to the study. That’s tied with Los Angeles. Only Miami had a higher rate of cost-burdened renters, with nearly 62% using more of their paycheck for monthly rent than experts advise.

For a link to the report on the Harvard study published in CNN Money, click here.

Copyright Southern Stone Communications 2017.

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